Latest news with #Venkatesh
Time of India
2 days ago
- Business
- Time of India
Ex-KSIC employee, 6 contract staff booked for misappropriating Rs 18.8L
Mysuru: Karnataka Silk Industries Corporation (KSIC), which produces the popular Mysuru Silk Saris, lodged a complaint against its former employee and six other contract employees for allegedly cheating the govt agency by not depositing Rs 18.8 lakh. The fraud came to light when a new officer came to take charge from an in-charge sales officer attached to their KD Road showroom, who retired on May 31, according to police. Jayalakshmipuram police registered a case against a retired officer and six outsourced employees under various provisions of BNS, including cheating, forgery, and criminal breach of trust. The FIR was registered the previous week. The investigation officer said the probe is under way, and so far, no arrests were made. According to the FIR, a copy of which is with TOI, KSIC Silk Weaving Factory in-charge general manager Siddalinga Prasad said the incident came to light after Venkatesh assumed office as the new sales officer of KSIC's Kalidasa outlet. At the time of taking charge, the new officer found four undeposited bank cheques at the offices. About Rs 1.1 lakh wasn't deposited into KSIC's account. A further examination revealed that the money collected from Mysuru Silk Saris on loan wasn't deposited either. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เทรดทองCFDs ด้วยค่าสเปรดที่ต่ำที่สุด IC Markets สมัคร Undo KSIC, being a govt agency, provides loan facilities for govt employees to purchase Mysuru Silk Saris, which are expensive. Such buyers must give post-dated cheques to the showroom from where they buy saris. As sales officers have power at their level to offer loans, the instalment received by the officer and the outlet wasn't deposited. Sources claim that about 60 people purchased saris on loan from the outlet and have been paying instalments every month. KSIC is now verifying any similar wrongdoings in other KSIC outlets. There are six outlets in Mysuru.
The Hindu
2 days ago
- General
- The Hindu
Mother cannot seek cancellation of gift deed executed by father or vice-versa, rules Madras High Court
The Madras High Court on Thursday held that revenue authorities cannot take steps to cancel gift deeds, by invoking their power under the Maintenance and Welfare of Parents and Senior Citizens Act of 2007, if the father had executed the deed but the mother had filed an application for cancellation or vice-versa. Justice N. Anand Venkatesh ruled that as per the scheme of the 2007 Act, only the transferror of a property by way of gift, settlement or such other mode of transfer could maintain an application for cancellation too if the children fail to maintain him/her as per a specific condition that had been mentioned in the deed itself. 'No other person can maintain an application under Section 23(1) of the Act. As a consequence, the application submitted by the mother of the present petitioner is not maintainable and the second respondent (Kallakurichi Revenue Divisional Officer) ought not to have entertained the application and passed orders,' he wrote. The verdict was delivered while allowing a writ petition filed by Karuppan of Kallkurichi against the RDO's February 15, 2019 order for cancelling the gift deed executed in his favour by his father in 1997. After the father's death, the petitioner's mother had sought cancellation of the deed since he failed to take care of her. Justice Venkatesh set aside the RDO's order and directed the Sub Registrar to remove the encumbrance from the property not only on the ground that the cancellation application had not been filed by the executor but also on the ground that the gift deed did not impose any condition regarding maintenance of parents. The judge pointed out that at least five judges of the Madras High Court sitting single had taken a consistent view that parents could seek cancellation of gift deeds only if a specific condition had been imposed in them that the children must take care of them during old age failing which the deeds were liable to cancellation. Similar view had been taken by the Andhra Pradesh, Telangana, Karnataka and Calcutta High Courts too. However, one Division Bench of the Madras High Court alone had taken a contrary view that the condition need not be mentioned explicitly in the gift deed and that the maintenance of parents was an implicit requirement. 'It is well settled that courts cannot rewrite a statutory provision when the words used by the legislature are plain and unambiguous,' Justice Venkatesh said and pointed out that the Supreme Court judgements relied upon by the Division Bench nowhere state that the condition for maintenance need not be explicit. 'This court has carefully gone through the Supreme Court's decision in Urmila Dixit's case and is unable to find a single sentence/word in that decision which supports the theory of 'implied condition' propounded by the Division Bench of this Court in the case of S. Mala,' Justice Venkatesh said. Therefore, stating that the Division Bench had not laid down the law correctly, the judge held that gift deeds could not be cancelled if the properties had been settled, in favour of the children, absolutely without imposition of any condition to take care of the parents.
Business Standard
2 days ago
- Business
- Business Standard
India Gears Up for Internet Naming Revolution as ICANN Prepares New gTLD Round
India PR Distribution Mumbai (Maharashtra) [India], June 19: After a 12-year pause, ICANN -- the global internet governance body-- is reopening its New gTLD application window in 2026. This program will once again allow businesses, cities, and organizations to apply for their own domain name extensions, marking a rare opportunity to secure long-term digital autonomy. At the recently concluded ICANN83 Policy Forum in Prague, a visibly stronger Indian presence -- comprising government officials, internet governance leaders, and domain name experts -- signaled growing interest from India in participating meaningfully this time. "This program gives Indian companies a rare opportunity to own a permanent digital identity," said Sushil Pal, Joint Secretary at the Ministry of Electronics and IT (MeitY), who led the Indian delegation. "We believe DotBrands can play a key role in advancing digital trust, security, and self-reliance." While international corporations like Google (.google), Microsoft (.microsoft), and Barclays (.barclays) already operate their own extensions, India's footprint in the last round was modest. Only a handful of Indian companies applied, and even fewer moved forward with active usage. The current momentum seems different. "Compared to 2012, there's significantly more clarity and preparedness now," said Samiran Gupta, ICANN. "We're seeing more Indian stakeholders engage early -- from brands and banks to technical and policy professionals." Among those involved in building that readiness is Venkatesh Venkatasubramanian, an independent New gTLD Consultant who attended ICANN83 as part of the Indian delegation. His work focuses on helping organizations understand the implications and process behind operating their own top-level domains. "For many, the idea of owning a domain extension still sounds abstract. But once you see how .brand domains create trust, eliminate phishing, and put digital control back in the hands of the business, it becomes a very tangible asset," said Venkatesh, New gTLD Consultant at With the application period expected to be open for just 90 days in 2026, stakeholders emphasized the need to begin preparations well in advance -- especially for enterprise-scale applicants who will need legal, technical, and operational planning. "This isn't a last-minute decision -- applying for a DotBrand New gTLD requires months of planning, detailed documentation, and technical readiness. With the window expected to be open for just 90 days, brands that want to apply need to start preparing now -- and that's where the right consultant can make all the difference," Venkatesh added. As India continues to invest in digital infrastructure and champions the narrative of an open and secure internet, the coming year could be pivotal in reshaping how Indian brands stake their presence in the global domain space. Imagine brands like Zomato using CRED offering or Adani Group launching portals like -- all within a secure, brand-owned ecosystem. These DotBrand domains reduce dependence on .com, enhance customer trust, and give companies complete control over their digital infrastructure. India's growing digital maturity, coupled with its emphasis on Atmanirbhar Bharat and Digital India, makes the timing ideal.
Hindustan Times
3 days ago
- Entertainment
- Hindustan Times
'We will not release': Karnataka distributor defies Supreme Court order on ‘Thug Life'
Despite a Supreme Court directive clearing the way for the release of Kamal Haasan's 'Thug Life' in Karnataka, the film's local distributor has firmly stated he has no intention of screening it in the state, The New Indian Express reported. Venkatesh Kamalakar, who had acquired the distribution rights for Karnataka under the banner of VR Films, confirmed that he is opting out of the release altogether. 'We are not planning to release, and we will not release. We had taken the distribution rights for Thug Life but couldn't proceed earlier due to the issues already known,' Venkatesh told the publication. With the film already into its third week since release, he dismissed the possibility of a delayed rollout. 'It's already been two weeks. The film is underperforming everywhere, collections are falling, and multiplexes are not enthusiastic. They're now offering only 30 per cent of what we originally expected,' he said. (Also Read: 'Thug Life' row: Pro-Kannada outfit chief says Kamal Haasan 'should have apologised') Insiders also pointed to financial disputes between the production team and distributor as another reason for the impasse. According to the report, the producers have not repaid a significant advance, reportedly amounting to several crores, to the distributor, and the matter remains unresolved. While Venkatesh refrained from discussing specifics of the business deal, he made it clear that the producers cannot release the film in Karnataka through another channel without settling matters first. 'If the production house wants to release the film directly, they can go through another distributor. But they can only take that call after the settlement is made,' he said. Asked whether another distributor could intervene and take over the release, he responded unequivocally, 'No. Without our confirmation, they cannot distribute it. We haven't received any intimation from the producers or multiplex chains about a Karnataka release. And to be honest, we're not interested anymore.' (Also Read: Bengaluru beats hill stations Lonavala, Srinagar with unusually cool temperatures)
Indian Express
3 days ago
- Entertainment
- Indian Express
Will not release Kamal Haasan's ‘Thug Life' in Karnataka, says distributor despite relief from Supreme Court
Even after the Supreme Court pulled up the Karnataka government and the high court over Kamal Haasan's film Thug Life not being screened in the state, the distributor Wednesday asserted that he will not release the movie in the state. Speaking to The Indian Express, Venkatesh Kamalakar, the Karnataka distributor for Thug Life, said, 'I will not release the movie, and I have many reasons. I bought the Karnataka distribution rights, and today, if any movie has to earn money, it happens only within two weeks. It has been more than two weeks since the movie was released, and it has not done well even in Tamil Nadu.' Thug Life, starring Haasan and directed by Mani Ratnam, ran into trouble in Karnataka after Haasan's reported remarks that Kannada was 'born out of Tamil'. The Supreme Court Tuesday said the rule of law demands that any film cleared by the Central Board of Film Certification (CBFC) should be allowed to be screened, and 'mobs and vigilante groups' cannot be allowed to 'take over our streets'. It was hearing a PIL seeking intervention for the smooth release of the film in Karnataka. After the Supreme Court's observations, pro-Kannada activists Wednesday demanded that theatre owners refrain from screening the movie. Kamalakar turned incommunicado as he started getting calls from pro-Kannada activists and others. Sources said Venkatesh had reportedly paid nearly Rs 8 to 10 crore as an advance to get the film's distribution rights for Karnataka and would seek a refund. A producer told The Indian Express that the movie's distribution rights were bought much before the controversy, and for that, Venkatesh had collected an advance from theatre owners as well. 'Besides business, the pro-Kannada activists are already on the streets and theatre owners are also not keen to screen the movie, fearing attacks on the theatres. Why would someone take the risk of releasing the movie in such a scenario?' asked the producer. On Wednesday, the Bengaluru police posted notices in front of the houses of several pro-Kannada activists. The letter stated that they were not allowed to stage a protest anywhere outside the designated protest area, which is Freedom Park. While the police attempted to hand over the notice to Praveen Shetty of Kannada Rakshana Vedike (KRV), he refused to accept any responsibility for the protests. Later, it was posted in front of his house in RT Nagar police limits. Karnataka Deputy Chief Minister DK Shivakumar urged pro-Kannada organisations to abide by the Supreme Court order and said that the state government is ready to ensure the screening of the movie. The controversy began during the audio launch of Thug Life in Chennai, where Haasan reportedly said that 'Tamil gave birth to Kannada'. Soon after that, there were police complaints from pro-Kannada activists, and a Public Interest Litigation (PIL) was filed before the Karnataka High Court, which slammed Haasan for making such remarks and did not allow the movie's release in Karnataka on June 5. Hearing the PIL seeking the release of the movie in Karnataka, the Supreme Court Tuesday transferred the proceedings pending before the Karnataka High Court to itself and fixed it for hearing on Thursday. The Supreme Court, which issued a notice in the matter on June 13, told the state government's counsel to file a counter-affidavit by Wednesday.
